If you’re spending your early mornings and late evenings chasing payments, you’re not alone. SMEs in the UK spend 56.4 million hours a year chasing overdue payments, most of which is done after hours. And at any given time an SME has nine outstanding payments.
The phrase: “cash is oxygen” is often used to describe the small businesses, meaning they should get paid on time, all the time. But is it always the customer’s fault if payment doesn’t come on time? What can companies do to stop chasing payments?
RIABU’s Simon Littlewood and Mark Laudi talk about the need to manage your receivables and customers properly, and why if you find yourself always chasing payments, it’s always too late.
Why you should understand your customer’s payment processes
Top-down ownership - why it’s important
You have to educate your sales team!
How to anticipate trouble with customer payments
How do you really measure the success of the RIABU method?
Even we get pushback from our suppliers!
Setting the right trading terms: What to offer and when to offer it
The return of inflation: How will this affect small businesses?
What to do when membership fees fall through
Legal letter templates: How useful are they for your business?
Stuck receivables? Get help from your sales team
How freelance creatives benefit from clear, conscientious communication
Pay attention to your receivables!
PN Balji shares his way of getting paid
Getting paid during the pandemic: What lies in store for SMEs?
Is 2021 the year of insolvency?
Why did we decide to name our website RIABU?
When selling on consignment goes wrong - listen to this to find out how to avoid the pitfalls
We are going to have a book out! It’s called Let The Cash Flow
What procurement officers think about paying SMEs
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